Since they do not have any material liability that I can think so, my guess is could they be raising cash for possible expansion plans in near future? The dividends received and the appreciation in share value translate to a remarkable compounded annual rate of return of 18.
The issuance of the eighth 8th tranche of Sub-Notes under the Sub-Notes Programme will not have any effect on the issued and paid-up share capital of PBB and the shareholdings of substantial shareholders of PBB.
Public Bank is currently one of the largest banks in Southeast Asia, with over RM 363.
The Corporate Lending segment caters to funding needs of large corporate customers which are primarily public listed companies and related corporations.
The Sub-Notes will qualify as Tier 2 capital for the computation of the regulatory capital of PBB and PBB Group in accordance with the Capital Adequacy Framework Capital Components issued by Bank Negara Malaysia.
Malayan Banking Berhad is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia.
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Still in good development! Subsector: Subsector: BANKING Description: Public Bank Bhd is a Malaysian banking group that provides a range of financial products and services, including personal banking, commercial banking, Islamic banking, investment banking, share broking, trustee services, nominee services, sale and management of unit trust funds, bancassurance, and general insurance products.
Description: Public Bank's strategy is centered on growth in the retail banking business particularly on the retail consumers and small and medium enterprises.